FEMA Compliance

FEMA Compliance – FDI, ODI, ECB RBI Reporting – Rs 40,000 per Transaction

The Foreign Exchange Management Act (FEMA) governs all cross-border financial transactions involving Indian residents and companies. Any inflow of foreign investment (FDI), outward investment (ODI), or foreign borrowings (ECB) requires mandatory reporting to the Reserve Bank of India (RBI) within strict timelines. Penalties for non-compliance can be severe. FinLegit provides complete FEMA compliance support at Rs 40,000 per transaction.

Types of FEMA Transactions We Handle

• FDI Reporting (FC-GPR): Allotment of shares or debentures to foreign investors within 30 days
• FDI Transfer Reporting (FC-TRS): Transfer of shares between residents and non-residents
• ODI (Form ODI): Indian company investing in foreign entity
• ECB (Form ECB/ECB-2): Foreign currency loans drawn by Indian entities from overseas lenders
• FCGPR and FCTRS filings on FIRMS portal

FAQ

What is the timeline for FEMA FDI reporting? FC-GPR must be filed within 30 days of allotment of shares to foreign investors. Delayed filing attracts compounding penalties from RBI.

What portal is used for FEMA compliance? FEMA filings are made on the RBI’s FIRMS portal (Foreign Investment Reporting and Management System).